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Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout

Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout

Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout
Yazar: Ross Sutton

Yayınlanma: 28 Eylül 2021 14:31

Güncellenme: 7 Aralık 2024 12:34

Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout

  Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout The pair will likely continue to decline further as a falling triangle is a sign of a downtrend.  

Bear Market Outlook

 
  • Set a sell-stop at 1,3600 and a take profit at 1,3500.
  • Add a stop-loss at 1,3700.
  • Timetable: 2-3 days.
 

Forex Signal For GBP/USD: Consolidation Before a Bearish Breakout

 

Bull Market Outlook

 
  • Set a buy-stop at 1,3770 and a take profit at 1,3850.
  • Add a stop-loss at 1,3700.
  GBP/USD is holding steady in the night session as fears of higher inflation in the UK escalate after rising crude oil and gas prices, with the pair trading at 1,3700, above last week's low of 1,3656. 2021-09-28_gbp  

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